How To Pay Off Your Mortgage in 5-8 Years – A Review of Financial 101

Want to learn how to pay off your mortgage in 5 to 8 years?

…read this review of Financial 101

…so my husband says an administrator of one of the facilities he visits invited him to attend a financial seminar at someone’s house…

…bells are going off in my head…

Why would anyone do a financial presentation at their house?

…I asked him “Is this an MLM?”…

…my husband Jomel says “it’s a class on money and investing and it was an hour long”…

…so we all just went, and I literally just got back to write this blog about it…

…it was a company called Financial 101

…similar to Sweep Strategies, they help you learn to budget money, save, and restructure debt so that you can pay off your mortgage faster…

…then they help you invest in other properties for rental income…

Here is my honest review of Financial 101

REVIEW OF FINANCIAL 101

…so, the presentation is very informative for most people who do not understand interest rates, debt and money management…

…it discusses the advantages of paying off high interest debts as quickly as possible, to save lots of money in interest…

…and also shows people how to tap into the equity of their home to pay down the principal of their mortgages faster…

…instead of putting their money in a checking account, they put it in a line of credit and pay all of their bills from that instead…

…this saves money on interest that they would have had to pay towards their mortgage…

…they also teach how to responsibly use credit credit cards to earn points and other benefits…

…and also save even more interest on their mortgages…

PROS

Financial 101 helps people manage their money with their own coach and a structured program…

…and there are plenty of real life stories of people who took the course and it changed their lives…

…the story that I saw was from a couple that went from a $5,000/mo mortgage to now having no mortgage…

…not sure of the time frame or how much they owe on their line of credit, however, looks like they are doing better financially because the husband can build custom cars for a living instead of working a job…

…the lady who did the presentation was named Shantell, and she also had a great story of how her family went from being very poor to now traveling the world and owning her own home and car with no debt, and now owning investment properties and qualifying for Private banking…

…they have a beginner course which costs $199 which helps people get control of their spending and their cashflow, especially if they have negative cashflow (spending more than they are making)…

…then if they want to go to the next level, which is Financial 100, the $199 goes towards the cost of the 2nd course which is $1,499…

…Financial 100 teaches how to do automatic savings, and have a savings buffer…

…how to budget for future savings goals, and to be able to look at finances 3 months ahead…

…if you graduate within one year of Financial 100, they let you use the tuition to pay for Financial 101, which costs over $3,000…

…in Financial 101 you apply for the line of credit that you use as your checking account to deposit your paychecks and pay your bills…

…the advantage of using a line of credit as your checking account is that the same line of credit is used to pay down the principal of your mortgage…

…which saves money in mortgage interest…

…as the line of credit is paid down, there’s room to invest in investment properties…

…for people in Hawaii who tend to have high mortgages, and also credit card debt, this program can be very helpful in not only paying off debt, but also creating real financial wealth…

…in addition, they help people pay their tuition with the savings that they make from the saved mortgage interest…

CONS

…there aren’t that many cons that I can see with the program…

…the first that I noticed was that they talk about an emergency fund, and I think it’s wiser to save for different reasons, click here to learn more about why I would never have an emergency fund and better ways to strategically save your money

…the second is that if you already know what they are teaching, you don’t really need to take a course…

…I’m not sure if it would be cost effective if you had no mortgage or no debt and are already saving a lot of money, and already have investments making you passive income…

Conclusion

…I think for most people Financial 101 would be that financial education that we all needed to learn in school, and yet no one taught us…

…my husband and I are going to do the free assessment…

…and we get no financial benefit if you do decide to take Financial 101 courses…

…this is an unbiased 3rd party review…

… CLICK HERE to get your free assessment and check out Financial 101 for yourself!

What do you think?  Leave your review of Financial 101 in the comments below!

P.S.

I love blogging and helping others find financial freedom!

…is there something that you are passionate about, and that you could teach others?

…I suggest you consider blogging…

CLICK HERE, enter your e-mail, and watch the free video to learn more!

How Do I Help My Friend Save More Than $5,000?

…Mey here on a beautiful Wednesday morning and I admit that it was hard to wake up this morning so to help me out my son cried real loud for mango juice and I got up to take him out to Grandma, and so blessed me with the time I need to write about How Do I Help My Friend To Save More Than $5,000?

…so, I have a friend and I talked to her the other day about her saving…

…she used to not save at all…

…only paid debt which she kept accumulating…

…so she finally started saving, YAY!

…however, when I spoke with her she said she stopped saving when she hit $5,000…

…basically, life happened…

…so, being the person that I am I want to help her become financially free…

…so, the big question is, how do I get my friend to save more money and pass her $5,000 mark?

…I decided to text her last night…

“Why stop at $5,000?  What’s so special about that number?”

…she replied “I don’t know =)”…

Reasons people don’t save

…sometimes, people don’t realize that there is a reason they don’t save…

…they think it’s “life” and it’s not…

…they are programmed in their head to save to a certain amount so that their wealth will always be the same…

…why?

…it’s because they only think they are worth that much…

…it’s interesting and the best way to see it is to look at their Networth…

…I sometimes hit blocks too, I was negative for the longest time…

…then I finally figured out that I felt loved ones would always take my money so I made myself have none to take…

…funny huh?

…so once I figured out the story, I was able to get my Networth back in the positive…

…then I hit another block, and it hovered at $50,000 for a year…

…then I realized that I had hit a block with success, didn’t think my business was going to succeed so sabotaging it with overspending…

…got a grip on that, made a budget and started doing regular business meetings with my spouse Jomel, and Networth has been going up ever since…

…the journey brings us our lessons…

…shows us what our assumptions are about our lives, that we haven’t examined since we made them sometimes many years ago…

…it tends to always stay the same unless we root out the cause, and change our habits…

…I’ll have to ask my friend, what is the root cause, the childhood story, the reason you would only save to $5,000 and stop there?

…or maybe we have to do more empowering questions…

How To Breakthrough Savings Blocks and Become Financially Free

…really, it just comes down to a realization…

…the only way to become financially free is to do the work (saving and wise investing)…

…so if I get stuck I know I’m stuck…why?

…because I check my Networth, passive income and expenses on a weekly if not daily basis…

…you need something or someone to tell you when you are stuck…

…most people like my friend don’t even realize that they’ve hit a block and need to get past it…

…if you don’t check your progress regularly, go ahead and follow the Weekly Financial Freedom Checklist, also live on my Periscope Channel every week usually on Fridays…

…when you get to a block (and you probably will, the road is scenic, and has all kinds of bumps, turns, etc to make it more fun and challenging) it’s a great time to stop and ask yourself some questions…

…how do I make it past this block and continue on my journey?

…what do I need to release or let go of to move forward?

…how can I continue on my journey to financial freedom?

…when we stop and ask ourselves, the answer usually presents itself to us…

…our inner wisdom will tell us what we need to know…

…when I realized that I didn’t take my business seriously, and thought that I would never succeed so I was sabotaging it…

…that was a real eye opener for me…

…and now the business is finally pulling itself out of the red, into the black…

…just like my personal finances did…

Conclusion

…my friend taught me a great lesson…

…she showed me that the road is full of scenic spots…

…maybe she pulled over so she could get a scenic view, and didn’t realize that she had stopped her savings…

…I hope she finds what she needs to start saving again…

…I hope you also found value in this post…

let me know what you think in the comments below!

P.S. I love researching, writing about, taking videos and sharing with you everything out there to help you become Financially Free as fast as you can…

…is there something that you love?

…something so valuable that you have future students out there waiting for you to step up and teach them?

…I’m telling you, there are a lot of people looking for what you got!

…get out there and blog and make your lessons live outside your lifetime…

click here, watch the video and get started!

 

Are You Saving For A Rainy Day or a Sunny Day?

…Mey here at the newly opened Honolulu Coffee Company with my Mom, author of Veluli: Specimen AMAC-1, blogging about Are You Saving For A Rainy Day or a Sunny Day?

…why would anyone save for a rainy day?

…isn’t that when we all stay inside, and spend time cleaning the house or sleeping in?

…I mean, why would you need money on rainy days, instead of sunny days, or cloudy days…or anyday?

…let’s save for everyday, for the rest of our lives, so we can become financially free in our thirties instead of in our sixties (if ever…)…

…and let’s talk seriously about why it’s important to really think about this concept with saving for a particular day with something far more powerful…

Saving For A Rainy Day – The Consequences

…I don’t know if you’ve heard of this however, what we focus on we bring into life…

…so if we focus our savings for rainy days, then we end up saving for disasters or problems and spend all our savings on those…

…focusing on rainy days creates more rainy days…

…the same goes to an emergency fund…

…do you really want emergencies in your life?

…so how do you fix this and still have savings?

…read on to find out…

Saving For Sunny Days Too – Short Term Savings For Spending

…instead of focusing your account on emergencies or for rainy days…

…call it your Short Term Savings For Spending Account (taken from the amazing training from Tracy Walker, 6 Figure Shortcuts…sorry link to purchase is not available yet, message me if you want it)…

…so, what this account does is allow you to save and use the money in this savings for spending on things that pop up that you want to spend on…

…in her example, she used $500 to help her nephew buy his school supplies…

…or if you need to pay for a car repair, or if you decide to buy a surf rack, or whatever…

…see, this account is not focused on emergencies, it’s focused on short term spending needs…

…now you can spend on your sunny days too…

…doesn’t that feel so much better?

Conclusion

…how you budget and manage your money, what you call your accounts, is crucial to achieving your financial freedom…

…use smart account names, and smart goals for each of your accounts that will take you to where you want to go…

…it’s time to focus on the positive uses of money and savings, so that we can welcome more sunny days and savings into our lives!

…tell us what you think of saving and the names of your short term savings for spending account in the comments below…

…finally, I hope that you got amazing value from this post…

…my goal is to make you financially free!

…I love blogging and financial freedom is my passion…

…what’s your passion?

…want to blog about it and make money too?

CLICK HERE, watch the free video and get started today!

How Drinking Water Is The Key To Your Financial Freedom

…Mey here on a freshly rained evening, with a light breeze coming in the window, blogging about How Drinking Water is the Key To Your Financial Freedom

…what?!?

…drinking water?

…Mey, what are you talking about this time?

…well, it’s true and I’m going to tell you exactly why in this blogpost…

…so, open your eyes, ears, get a glass of water and let’s begin…

Why Drink Water – The Health Benefits

…I could go on and on about the health benefits of drinking water…

…first you’ll be healthier, have more energy and a better complexion…

…your thinking will be clearer…

…this will lead you to make better decisions regarding everything in your life including your finances…

…this is all because you are going to be hydrated…

…you will be more efficient at work and probably be paid better or produce more…

…you will look and feel better thus having a better relationship with your boyfriend/girlfriend/spouse…

…you get the picture…

Why Water? The Financial Benefits

…there’s more!

…if you stopped drinking coffee, beer, diet coke and taquilla shots, and instead drink water…

…you will have substantially more money to save and invest…

…if you are like the people here in Hawaii, you probably spend at least $10/day buying these kinds of drinks…

…in fact, if you like wine, beer or some types of hard liquor, you’ll probably save yourself another $100-$1000/week…

…so do the math…

…you save roughly $100/mo – $1,000/mo just by drinking water…

…that’s $1,200/year – $12,000/year!!!

…take that extra money and buy a dividend yielding stock or make a down payment on a rental property…

…in any case, the money you save will get you free faster than you can imagine…

Conclusion

…I hope you take this article seriously…

…what you put in your body can be nourishment if you choose wisely…

…and the money that you will save will make you free…

…so that you can be a leader that people can look up to, and gain hope and inspiration from…

…let me know your thoughts in the comments below!

…FYI I blog about Financial freedom because I love it!

…I want you to be financially free and I will stop at nothing to help you get there…

…what about you?

…is there something that you love so much that you could blog daily about it?

…that you could help the world by sharing your knowledge?

…if there is then CLICK HERE, watch the free video and get started…

Your Weekly Financial Freedom Checklist

…Mey here on a warm Saturday evening with a quick Financial Freedom checklist for you…

…go through and check off the what you have accomplished this week towards your financial freedom:

1) Did you save at least 10% of everything you made?

2) Did you protect your savings and keep it there?

3) Do you know what your Net Worth is?

4) Did your Net Worth increase?

5) Did you take time to think about what you are grateful for?

6) Did you forgive those who hurt you , including yourself?

7) Did you learn something new about Financial Freedom this week?

8) Do you have support for your Financial freedom goal?

 

As always, no matter how you did this week, I’m always here to support you.  Be sure to connect with me through facebook, Twitter or Periscope!

The 5 Reasons Why You Are Still Struggling With Becoming Financially Free And How to Fix It

Aloha, this is Mey writing a special blog post at 9:10pm on a Sunday evening on the 5 reasons why you are still struggling with becoming financially free, and how to fix it…

…this post is inspired by a conversation I just had with my husband Jomel…

  1. You Already Know What To Do With Your Money
    • one of the biggest mistakes that people make with their wealth is that they think they already know what to do with their money, where to spend it, and how to invest it…
    • if you are one of these people, you don’t find knowledgable advisors to help you save, you don’t read books on how to become financially free, or wealthy, you don’t spend any time on learning about money…
    • instead, you make money and you earmark that money in advance to buy something…
    • you think you already know everything about money, afterall, you are the one making the money!
    • HOW TO FIX THIS – understand that knowing how to make money is not the same as knowing how to become financially free…if you are not financially free and not getting any closer to being financially free, then you need to get outside help…find a financial advisor who is financially free and lives the lifestyle that you want (if you have kids, they have kids, if you workout then they workout…)
  2. You Think That You Can Become Financially Free With A Business Opportunity/Gambling/Winning The Lottery…
    • the second biggest mistake is that you actually have savings in a 401K or in a savings account and you think to become financially free, all you need is that one big break…
    • …if you are one of these people then you found this great business opportunity and you know it’s the one to change your life forever, so you borrow from your credit card, and then your 401K to pay for it, and spend all your money, stop saving or even drain your savings to continue to fund your great business…
    • …if you are one of these people then you think if you go to Las Vegas and win big, you’ll make it, so you go every year and blow your money…
    • …if you are one of these people you buy lottery tickets everyday knowing that as soon as you hit the jackpot, you will be free…
    • HOW TO FIX THIS – understand that financial freedom is only built through DAILY savings habits and DAILY habits of growing and learning how to invest and preserve your wealth WISELY (check out my Daily Financial Freedom Checklist on Periscope @meyduldulao)…my advice, get a financial advisor who is already financially free and listen to their advice…and if you really think this big break is the right thing, ASK your advisor first and you’ll see from an objective perspective…
  3.  You Spend Spend Spend Because That’s What Your Friends Are Doing
    • …the third biggest mistake is that you spend money on a new car, or buy an overpriced house, or buy a bigger TV every year just because your friends are doing it and you want to show them that you have money and you are just like them or better than them…
    • …if you are one of these people then you have a lot of pride and care about your material image and also care about what other people think about you…
    • …if you are one of these people then you don’t ever want people to know that you are living paycheck to paycheck…
    • …if you are one of these people, you probably have more debt than savings with all of the spending you are doing…
    • HOW TO FIX THIS – understand that most of your friends are not financially free…less than 1% of the population is…with this understanding get new friends who aren’t all about spending and are more focused on becoming financially free…get a financial advisor who is already financially free…
  4. You Don’t Have a Savings
    • most people do not have any savings except for a 401K…
    • …if you are one of these people, you might always be paying off debt and thinking once you pay off your debt you will start saving…
    • …if you are one of these people, you might think that life is short and you should spend what you make now because who knows what will happen tomorrow…
    • HOW TO FIX THIS – understand that you have to save and have money to be wealthy…and you have to save now, and form a DAILY habit of saving…open a savings account today and then put in it at least 10% of everything that you make…do it daily and keep your savings safe by NEVER SPENDING IT…then watch it grow…
  5. You Don’t Apply The Financial Freedom Formula To Your Life
    1. most people have no idea that financial freedom means that you make more passive income than you have expenses…
    2. …if you are one of these people, you think that just making more money will make you free…
    3. …if you are one of these people, you think that only people who have high paying jobs can be financially free…
    4. …if you are one of these people, you don’t understand that passive income is what makes you free and you don’t know what passive income means (it’s money you make without trading your time, like dividends, interest, rental income that you don’t manage, etc)…
    5. …if you are one of these people, the more money the more you spend…
    6. HOW TO FIX THIS – right now write down what your total expenses are (say $5,000/mo)…then figure out how much passive income you have (say $0.02/mo from your savings)…then start reducing your expenses and increasing your passive income so that you can become financially free…

Hope you got value from this post, so please let me know in the comments if you’ve made any of these 5 mistakes and what you think!